Lies, damned lies and statistics from Wall St all the way to BrexitThe Dow shed around 4pc and European markets followed up the next day with losses in the 3pc region. The stock market fall of last week is being attributed to fears about higher-than-expected inflation coming down the track in the US in particular. That is not to say that everything is fine with the US stock market right now and it somehow represents a buying opportunity. The company's commitment on capital expenditure was based on an oil price of $50 per barrel, but with oil trading at around $65 per barrel, free cash flow should become available. In the background are concerns about the recent oil price rally and whether it can last.

Source: Irish Independent February 11, 2018 18:00 UTC